21 Weekly SMA is pointing downwards to the long-term support band @32k level. Patience is just what we need.
whenever 20MA Weekly crosses 20MA Monthly, It was bearish. Will it happen?
Never ignore monthly outlook, slow stochastic has so much room for downside... For newbies, are you that stubborn? I have followed some famous youtubers, whenever they preached the market is going to go up, price always goes opposite. Don't you realize about it? Do you own research. Fundamental is important but we can't never ignore the technical analysis... TA...
Based on my previous post, the price has corrected beautifully back to 40682 level, 3D 200MA. Next to look out for 35389, 1W 100MA.
Price is still ranging, price action still creating bearish formation. I don't even care about buying volume...
Price has broken the trendline and 3Days 200MA. Looking towards 36k to 35k now.
Bullish short-term.. 3D 200 MA supporting holding strong... break 44k and looking forward t0 52 - 55k for shortterm
This prediction is not suitable for Moonboy... Stillstand bearish as in my previous post, VWMA already crosses 50MA in the Weekly time frame and the Potential bear flag. Unless Bull can prove me wrong.
From a historical point of view, whenever VWMA 20 crosses the 50MA downward direction in a weekly timeframe resulted in a bearish trend most of the time. Just sharing my observation!!! cheers!
Opened trade this morning... Longterm look strong uptrend tho
1. Consolidating within a symmetrical triangle 2. Strong weekly support @28.6k (worst-case scenario) 3. True strength indicator almost touching its lowest oversold level 5. VWMACD divergence (weekly) 6. MACD + RSI divergence (daily) Not Financial advice... I am holding a long position.
It is worth taking a small risk. I still have no confidence in the upside... see what happens... I am ok to the risk a small percentage.
I am still not confident in BTC at the moment whenever I look at weekly and monthly. Correction to downside likely hasn't end yet... fingers cross...
Suddenly... almost every traders are becoming bearish ..... ho ho ho ho.. I stand for bullish short term at this point....
Hey Guys ! Days by days, I am seeing interesting data of BTC potential moved. Not financial advise. I am just sharing what I observed. Let's discuss....
Very interesting data. what is your thought? BTCUSD Bullish? Your opinion please?
XTZUSD Short (Retrace shortterm): Shorted with good entry point!! still expected to go lower for the slight correction downside... Cheers! Short-term bearish retracement/reversal 1H,4H,6H,8H timeframe. 10x leverage and put your stop loss at your entry point. No financial advice. Always plan for risk management...
I thought I saw many moon boys analyses on trading view yesterday. They are like on triangle break out, break out upside, target 41k. OMG OMG. The moon boy concept, never ever learn their lesson.